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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.4
A firm's accounting profit is calculated by subtracting which of the following costs from total revenue?
Implicit costs.
Variable costs.
Opportunity costs.
Explicit costs.
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AP Microeconomics - 3.4 Types of Profit
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Accounting Profit
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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